Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Gold rose over 1% on Friday as the dollar ticked lower, while the market digested recent tariff remarks from U.S. President Donald Trump ahead of a weekend meeting between the U.S. and China. Spot gold was up 0.8% to $3,332.88 an ounce at 0919 ET(13:18 GMT) and gained nearly 3% so far this week. Bullion, known as a hedge against geopolitical and economic uncertainties has risen more than 27% since the start of the year. U.S. gold futures were up 1% to $3,338.10. The U.S. dollar edged 0.3% lower, making bullion less expensive for other currency holders. U.S. President Donald Trump said...
Oil prices rose more than 1% on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the United States showed signs of easing and Britain announced its own U.S. trade deal. Brent crude firmed by $1.19, or about 1.9%, to $64.03 a barrel by 1021 GMT. U.S. West Texas Intermediate crude was up $1.21, or about 2%, at $61.12. On the week, both contracts were on track to rise more than 4%. Oil prices rose more than 1% on Friday, poised for a weekly gain as trade tensions between top oil consumers China and the United States showed signs of easing and...
Silver prices steadied around $32.50 per ounce on Friday, following a volatile week as investors adopted a cautious stance ahead of high-stakes US-China trade negotiations scheduled for this weekend in Switzerland. The upcoming talks will see Chinese Vice Premier He Lifeng meet with US Treasury Secretary Scott Bessent , as both sides seek to ease escalating tariff tensions. The market is closely watching for any signals of de-escalation that could impact the broader commodity landscape. Meanwhile, US President Donald Trump announced a preliminary trade deal with the UK—the first since the...
Gold (XAU/USD) prices turned positive after an intraday dip to $3,275-3,274 region as geopolitical risks emanating from the Russia-Ukraine war, rising tensions in the Middle East, and the India-Pakistan border revived safe-haven demand. Additionally, a modest US Dollar (USD) pullback from near one-month highs touched on Friday turned out to be another factor that acted as a tailwind for the commodity. With the intraday move higher, the XAU/USD pair, for now, seems to have snapped two consecutive days of losing streak, though its upside potential seems limited. The optimism led by the US-UK...
Oil prices rose on Friday, after rising about 3% in the previous session, as trade tensions between top oil consumers the U.S. and China showed signs of easing and Britain announced a "breakthrough" trade deal with the United States. Brent crude rose 43 cents, or 0.68%, to $63.27 a barrel while U.S. West Texas Intermediate crude rose 42 cents, or 0.7%, to $60.33 a barrel by 0731 GMT. Both contracts closed up nearly 3% on Thursday. U.S. Treasury Secretary Scott Bessent will meet China's top economic official, Vice Premier He Lifeng, in Switzerland on May 10 to try to resolve a trade dispute...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...